Speaking to TD Ameritrade Network, Forrest stated that the biggest opportunity lies in the business-oriented technology and semiconductor sectors. She noted that the sectors are also likely to gain amid the resurgence of coronavirus cases fuelled by the Omicron variant. According to Forrest, the resurging cases also translate to more remote working, and companies will be moving towards enhancing productivity through relevant tech tools. In this line, she expects companies to opt for 5G technology. Furthermore, she stated that if companies scrap remote working, they will likely leverage various technology tools to gauge their workforce and improve performance.
Tech to boost Nasdaq
Furthermore, she stated that the stock would likely boost Nasdaq, considering that the index has fluctuated due to the high inflation environments alongside the Federal Reserve tapering policies. Notably, the tech sector emerged as the biggest beneficiary of the coronavirus pandemic in 2020. Several companies in the space gained prominence with their products being used to help people manage the lockdowns. However, in 2021, the sector was outperformed by energy and real estate. According to our previous report, the tech sector recorded returns of 27.56% to rank in the third spot. On the other hand, the energy sector gained 36.8%, followed by real estate at 28.01%. Watch the full interview:
